Deutsche EuroShop (ETR:DEQ) Given a €30.00 Price Target by Baader Bank Analysts
Baader Bank set a €30.00 ($34.88) target price on Deutsche EuroShop (ETR:DEQ) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also issued reports on the company. DZ Bank reiterated a buy rating on shares of Deutsche EuroShop in a research note on Friday, August 16th. Berenberg Bank set a €30.00 ($34.88) price objective on Deutsche EuroShop and gave the company a neutral rating in a research note on Wednesday, October 9th. Warburg Research set a €38.60 ($44.88) price objective on Deutsche EuroShop and gave the company a buy rating in a research note on Friday, August 16th. Nord/LB set a €24.00 ($27.91) price objective on Deutsche EuroShop and gave the company a neutral rating in a research note on Thursday, September 5th. Finally, Independent Research set a €25.00 ($29.07) price objective on Deutsche EuroShop and gave the company a neutral rating in a research note on Monday, August 19th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of €29.40 ($34.19).
Shares of ETR DEQ traded up €0.50 ($0.58) during trading on Wednesday, reaching €26.70 ($31.05). 333,655 shares of the stock traded hands, compared to its average volume of 222,238. Deutsche EuroShop has a 52-week low of €22.10 ($25.70) and a 52-week high of €28.48 ($33.12). The company has a debt-to-equity ratio of 61.07, a current ratio of 1.96 and a quick ratio of 1.59. The company has a 50-day moving average of €26.51 and a 200-day moving average of €25.60. The stock has a market capitalization of $1.65 billion and a P/E ratio of 18.25.
Deutsche EuroShop is Germany's only public company, that invests solely in shopping centers in prime locations. The Company currently has equity interests in 21 European shopping centers in Germany, Austria, Czech Republic, Hungary and Poland. The market value of these shopping centers, which are predominantly in city center locations, amounts to 5.1 billion.
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